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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Flex space
712 Walker St Watsonville, CA 95076-4118
Entity Owned
Free & Clear
Property ID
US09-0024013
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1992
Construction
TILT-UP CONCRETE
Total area
3,935 SF
Lot
0.12 ac (5,140 SF)
APN
018-131-29
UPID
US09-0024013
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Epico Systems Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$725k
Owner & transaction history
Berman Enterprises LLC
Berman Enterprises LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Watsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watsonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$980,000
Current use
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$184 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,538
Tax year 2024
Assessed value
$556,446
Assessed 2024
Previous assessed
$556,446
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$282,429
Assessed improvement
$274,017
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1992
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
3,935 SF
Lot
0.12 ac (5,140 SF)
APN
018-131-29
UPID
US09-0024013
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$980,000
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Berman Enterprises LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 2661, WATSONVILLE, CA 95077-2661
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
$965,000
Berman Enterprises LLC
Richard J Borjon
Grant Deed
—
Aug 28, 2013
$463,000
Richard J Borjon
Smeenk,robert
Grant Deed
$235,700 · Santa Cruz County Bank
Jun 26, 2007
—
Robert Smeenk
H A Smeenk Construction
Quit Claim Deed
—
Mar 4, 2005
$565,000
A Smeenk Construction H
Fruitland Avenue Investors
Grant Deed
$423,700 · Heritage Bank Of Commerce
Nov 17, 2004
$480,000
Fruitland Avenue Investors
Johnson,scott S & Cynthia P
Grant Deed
$250,000 · Community Bank Central Ca
Sep 15, 2000
$325,000
Scott S Johnson
Jung,jim & Yolanda L
Grant Deed
$292,500 · Wells Fargo Bank
Apr 24, 1992
—
Jim Jung
—
Grant Deed
related
$200,000 · Coast Commercial Bank
Oct 26, 1990
$457,500
Jim Jung
Santa,cruz Count
Grant Deed
$300,000 · Seller
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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